Valeant Pharma (VRX) Breaks Out, See The Massive Upside Target Here

June 22, 2017

Know This Major Trade Level For This Retail Stock

June 22, 2017

As you know, the leading retail stocks have all been coming under severe selling pressure lately. It is well known that Amazon.com (NASDA:AMZN) has been eating the lunch of many leading retail companies. Are these beaten down retail companies ready to adjust to the Amazon way of doing business?

One leading retail stock that has fallen sharply lower is TJX Companies Inc (NYSE:TJX). This company is an off-price apparel and home fashions retailer in the United States and across the world. TJX stock recently topped out on May 10th, 2017 at $80.92 a share. Since that high pivot the stock has plunged lower and is now trading around $68.72 a share.

Traders should note that this stock is now trading into a major support level around the $67.75 area. This level is a major retrace area and it coincides with a weekly chart 200 moving average. Often, this dual support area will signal a major bounce is near in the stock price. Institutional buyers will usually defend the equity around this level.

 


MORE TRADES! MORE TRADES$$!!!

June 22, 2017

We aren’t even going to waste your time with some hype sales pitch and all the garbage you find all over the web, nope! Instead we are going to show you EXACTLY what members of our stock swing trading service, the Research Center gave members this morning.

 

Have you seen the DOCUMENTED and verified performance of the Research Center swing trades for the past TEN YEARS? Well if not, this is something you need to see, and stop missing out on consistent money making trades like these…. click here.

 

Here is today’s action below… (check out this other recent action here)

 


General Electric (GE): Big Buying Opportunity Right Here…

June 22, 2017

Just last week, shares of General Electric Company (NYSE:GE) surged almost 10% after it was announced that the CEO would be stepping down. General Electric is one of those old school companies that is having a hard time getting investors to believe they are on the cutting edge of the future. Thus, they have not traded at a price-to-earnings ratio of many other technology companies, even after selling off GE Financial and getting rid of the boring parts of the company. Investors view the current CEO as part of the problem. He is old school when the stock market demands new school. When it was announced, Wall Street cheered and General Electric shares jumped. However, since that day, the stock has faltered and faded, coming back to the gap fill from the sharp pop day. This is known as major support.

 

Believe it or not, the stock has even moved slightly lower, now into a major level I believe is a strong buy. The level is $27.75 and is a major trend line as seen in the chart below. This is a gift. Investors can buy the stock below levels prior to the announcement. I am looking to swing trade the stock (the trade will be posted here live) with an upside target of $30.50.

 

Read This To See How The REAL Pros Invest For Wealth That Lasts Multiple Lifetimes.

 

 


Today’s Morning Trading Action: ORCL, AAL, HAIN, SINA, WB & More

June 22, 2017

Chipotle Mexican Grill Gets Roasted, Where’s The Trade?

June 21, 2017

Yesterday, leading fast food restaurant stock Chipotle Mexican Grill, Inc. (NYSE:CMG) sold off after announcing Q2 guidance. Despite the stock price falling sharply lower on yesterday’s news the stock actually peaked out on May 16, 2017 at $499.00 a share. Today, CMG stock trades at $416.00 a share. Many traders are now wondering if the stock is cheap, but unfortunately it should trade lower according to the charts.

Traders and investors should note that the stock was defended in March 2017 at around the $394.00 level. This should be the next major support area for CMG stock when it is retested. At this stage of the game the stock should have the selling momentum to test that key support level.

 

Nicholas Santiago

InTheMoneyStocks


There Are Lots Of Stocks To Trade Today: FDX, ADBE, RHT, AMD & More In Play

June 21, 2017